NerdWallet Publishes Student Loan Debt Relief Company Watchlist

NerdWallet has published a list of 130+ student loan assistance companies that they say consumers should be wary of. They say “This Watch List names companies that charge for fraudulent or questionable debt relief services.”

Companies that made the list have been investigated, penalized, or sued by state or federal authorities.

The companies they list are said to have bee:

Accused of illegal practices by a state or federal agency or found to have engaged in illegal practices by a judge;

Managed by an individual who operates or has operated another business accused of illegal practices by a government agency or found to have engaged in illegal practices by a judge;

Operated by someone who has incurred significant debts or a criminal conviction;